Maiden Forgings Limited

Maiden Forgings Limited, incorporated in 2009, is involved in producing and selling ferrous metal goods. Products such as collated pneumatic nails, steel bright bars, wires, and ground bars are all produced by the company. The company has 3 manufacturing plants located in Uttar Pradesh, India.  These factories have a manufacturing capacity of 50,000 tonnes per year. Maiden Limited serves its products to more than 450 B2B clients across the globe. This organization sells its products to various industry domains such as Everest, UM Auto, Prestige TTK, etc.
Purpose of issuing an IPO
  • Expansion of new manufacturing plants
  • To meet corporate expenses
  • To meet the working capital requirements
Consolidated Financials 
Period     Total Assets Total Borrowing Total Revenue Profit After Tax
31-Mar-21 10,484.25 5428.93 19,937.49 168.94
31-Mar-22 11,014.23 6170.75 21,083.72 213.94
31-Dec-22 12,595.69 6525.17 16,381.04 801.51
IPO Details
Opening Date Mar 23, 2023
Closing Date Mar 27, 2023
Listing Date Apr 6, 2023
Face Value Rs.10 each share
Price Rs.60 to Rs.63 each share
Lot Size 2000 shares
Listing at BSE SME
Issue Size 3,784,000 shares
Fresh issue 3,784,000 shares

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